Debit Cards for Local Community’s Monetary Transactions: A Literature Review

  • Nabilah Rozzani Accounting Research Institute, Universiti Teknologi MARA
  • Intan Salwani Mohamed Accounting Research Institute, Universiti Teknologi MARA
  • Sharifah Norzehan Syed Yusuf Accounting Research Institute, Universiti Teknologi MARA

Abstract

This conceptual paper provides a review of past studies that highlight the development of debit cards in society. A review of past literature was conducted, in which the issues were highlighted and recommendations for potential solutions for an improvement in the usage of these debit cards in a community were discussed. This paper highlights issues in the usage of debit cards for a local community. The review reveals that despite the encouraging adaptation of debit cards in the overall world economy, there are still some loopholes that need to be covered. Hence, several remedies, including intensive promotion to the public, are needed, especially if the card is being introduced as a mechanism for transactions in a particular community.

Published
2015-12-01
How to Cite
ROZZANI, Nabilah; MOHAMED, Intan Salwani; SYED YUSUF, Sharifah Norzehan. Debit Cards for Local Community’s Monetary Transactions: A Literature Review. Asian Journal of Accounting Perspectives, [S.l.], p. 22-34, dec. 2015. ISSN 0128-0384. Available at: <https://ajap.um.edu.my/index.php/AJAP/article/view/3708>. Date accessed: 21 nov. 2017.